0001628280-19-000108.txt : 20190104 0001628280-19-000108.hdr.sgml : 20190104 20190104160948 ACCESSION NUMBER: 0001628280-19-000108 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190102 FILED AS OF DATE: 20190104 DATE AS OF CHANGE: 20190104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rallo James M CENTRAL INDEX KEY: 0001352659 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51813 FILM NUMBER: 19510111 MAIL ADDRESS: STREET 1: C/O LIQUIDITY SERVICES INC. STREET 2: 1920 L STREET, N.W., 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC CENTRAL INDEX KEY: 0001235468 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 522209244 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 6931 ARLINGTON ROAD STREET 2: SUITE 200 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 2024676868 MAIL ADDRESS: STREET 1: 6931 ARLINGTON ROAD STREET 2: SUITE 200 CITY: BETHESDA STATE: MD ZIP: 20814 4 1 wf-form4_154663616885515.xml FORM 4 X0306 4 2019-01-02 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001352659 Rallo James M C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD, SUITE 200 BETHESDA MD 20814 0 1 0 0 President RSCG and CAG Common Stock 2019-01-02 4 J 0 4090 0 A 4090 D Common Stock 2019-01-02 4 S 0 4090 6.12 D 0 D Common Stock 15039 I By James M. Rallo 401k Common Stock 8000 I By James M. Rallo IRA Common Stock 685 I By James M. Rallo Cust. Michael Rallo MD UTMA Common Stock 460 I By James M. Rallo Cust. Melissa Rallo MD UTMA Employee Stock Option 7.48 2018-10-01 Common Stock 2338.0 2338 D Employee Stock Option 15.47 2020-10-01 Common Stock 6678.0 6678 D Employee Stock Grant 15.47 2020-10-01 Common Stock 5527.0 5527 D Employee Stock Option 31.37 2021-10-01 Common Stock 12358.0 12358 D Employee Stock Option 38.09 2022-10-01 Common Stock 3335.0 3335 D Employee Stock Option 29.47 2023-07-18 Common Stock 24871.0 24871 D Employee Stock Option 21.99 2023-10-01 Common Stock 9938.0 9938 D Employee Stock Option 10.41 2024-10-01 Common Stock 12675.0 12675 D Employee Stock Grant 6.63 2025-10-01 Common Stock 6380.0 6380 D Employee Stock Grant 6.63 2025-10-01 Common Stock 1595.0 1595 D Employee Stock Option 6.63 2025-10-01 Common Stock 13987.0 13987 D Employee Stock Option 6.63 2025-10-01 Common Stock 3497.0 3497 D Employee Stock Grant 8.3 2026-10-01 Common Stock 3925.0 3925 D Employee Stock Grant 8.3 2026-10-01 Common Stock 7850.0 7850 D Employee Stock Option 8.3 2026-10-01 Common Stock 4650.0 4650 D Employee Stock Option 8.3 2026-10-01 Common Stock 4650.0 4650 D Employee Stock Option 4.47 2027-10-01 Common Stock 93420.0 93420 D Employee Stock Grant 4.47 2027-10-01 Common Stock 24540.0 24540 D Employee Stock Option 4.47 2027-10-01 Common Stock 62280.0 62280 D Employee Stock Grant 4.47 2019-01-02 4 J 0 4090 6.12 D 2027-10-01 Common Stock 16360.0 12270 D Employee Stock Option 6.11 2028-10-01 Common Stock 36550.0 36550 D Employee Stock Grant 6.11 2028-10-01 Common Stock 5950.0 5950 D Employee Stock Option 6.11 2028-10-01 Common Stock 36550.0 36550 D Employee Stock Grant 6.11 2028-10-01 Common Stock 5950.0 5950 D Represents the vesting of restricted stock. Represents reporting person's advance election to sell upon vesting such restricted shares. The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected. Mr. Rallo disclaims beneficial ownership of these shares. These options became fully vested on October 1, 2013. These options became fully vested on October 1, 2014. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. These options became fully vested on October 1, 2015. These options became fully vested on October 1, 2016. Twenty-five percent of this option grant vested on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months. These options became fully vested on October 1, 2017. Twenty-five percent of this option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months. Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. Twenty-five percent of this option grant vested on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months. 75% of the options were certified as vested on December 6, 2018. The remaining options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. Twenty-five percent of this restricted stock grant vested on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020. 18/48th of this option grant vested on April 1, 2018 and thereafter 1/48th of this option grant will vest each month for thirty months. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones. This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. 15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months. Twenty-five percent of this restricted stock grant vested on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021. 15/48th of this option grant will vest on January 1, 2020 and thereafter 1/48th of the option grant will vest each month for thirty three months. Twenty-five percent of this restricted stock grant will vest on January 1, 2020 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, October 1, 2021, and October 1, 2022. /s/ Mark A. Shaffer, by power of attorney 2019-01-04